Setting the Stage for Strategic Compensation and Bases for Pay

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Setting the stage for strategic compensation and bases for pay Paulette Harris Professor Christopher Zapalski Compensation Management - BUS 409 July 24, 2011 1. Describe the three main goals of compensation departments. Compensation professionals promote effective compensation systems by meeting three important goals: 1. Internal consistency 2. Market competitiveness 3. Recognition of individual contributions. Internal Consistency – Internal consistent compensation systems clearly define the relative value of each job among all jobs within a company. This ordered set of jobs represents the job structure or hierarchy. Companies rely on a simple, yet fundamental, principle for building internally…show more content…
This is also a major reason why our employment rate has gone out the roof in recent years. It seems that the government is not trying to make things better since they are too busy trying to help other countries and also going out of the United States to purchase different supplies and oil. I feel that the labor unions will pose the least challenges since they do all the negotiations for the employees and tend
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